中国企业跨国并购动因及风险分析

中国企业跨国并购的脚步才刚刚迈出,对于真正的跨国经营还很缺乏经验,同时跨国并购存在各种风险,本文对中国企业跨国并购动因及风险、风险防范措施进行分析,为海外并购成功提供参考.     

中国企业跨国并购动因及风险分析

中国企业跨国并购的脚步才刚刚迈出，对于真正的跨国经营还很缺乏经验，同时跨国并购存在各种风险，本文对中国企业跨国并购动因及风险防范措施进行分析，为海外并购成功提供参考。     

中国企业跨国经营的现状、问题及对策

本文结合国内、国际最新发布的数据对中国企业跨国经营的现状进行了系统的比较分析,分别从微观和宏观方面提出了限制中国企业跨国经营的主要问题,并针对这些问题提出了一些有利于加快中国企业"走出去"的建议性对策。     

中国私营企业跨国投资风险控制研究

2000年以来,越来越多的中国企业"走出去"投资海外市场,其中私营企业跨国投资规模也越来越大。文章就私营企业跨国投资现状、存在的问题和风险进行了分析,并对私营企业跨国投资风险控制方面提出了建议。     

我国企业跨国经营现状及发展对策研究

我国跨国经营企业的发展是伴随改革开放逐步展开的，随着对外开放的深入，中国企业跨国经营的规模和水平取得了长足的进步。然而作为跨国经营的主体，中国企业跨国经营既存在着优势也存在着明显的不足。因此对中国跨国经营企业的探索，已成为我国经济研究中一项重要任务。     

中国企业跨国经营存在的问题及对策分析

经过改革开放30年的发展,中国企业跨国经营经历了从小到大,从弱到强的国际化发展阶段,特别是在我国加入WTO之后,中国企业跨国经营进入了迅速发展的时期。本文在分析研究我国企业跨国经营现状及存在问题的基础上,提出了我国企业跨国经营应采取的发展对策。     

如何对境外投资项目进行政治风险管理

中国企业在对外投资和跨国经营的过程中面临各种政治风险。要使投资取得成功,就必须在投资决策和业务经营过程中全面考量存在的各种风险,并采取有效措施规避风险。＂自我管理＂和＂购买政治风险保险＂是行之有效的管理政治风险的方法     

大型企业对外直接投资的风险防范探析

随着中国企业对外直接投资规模的扩大,面临的投资风险明显增多。由于近年来国际政治和经济形势更加动荡,传统风险与非传统风险相互交织,加大了企业跨国经营环境的不确定性。文章对中国企业对外直接投资的现行模式进行了分析,对企业投资治理体系存在的问题进行了探讨,并对企业对外直接投资的风险提供防范策略。     

中国企业跨国并购中的风险控制问题

全球企业并购的强势增长为中国企业跨国并购提供了有利的国际环境,进入21世纪后中国企业跨国并购也进入了快速发展阶段。跨国并购是一把双刃剑,在其可能给企业带来可观收益的同时也存在或隐藏着巨大的风险。本文试图分析中国企业跨国并购的风险状况特别是风险表现、存在的突出问题及应对措施,以期为构建中国企业跨国并购风险管理控制体系提供参考。     

“四维一体”策略助我国企业强化跨国税收管理

近年来,我国企业"走出去"规模不断扩大。有效实行跨国税收管理是企业跨国经营需要面对的重要问题。本文提出了"四维一体"的管理策略,以有效提高我国企业跨国经营中的税收管理水平。     

Risk perception and risk management in the Middle East market: theory and practice of multinational enterprises in Saudi Arabia

This exploratory study investigates the risk perception and risk management strategies of Western multinational enterprises in the Middle East. A sample of 49 German companies operating in Saudi Arabia provides the empirical setting for this research. The study reveals that cultural risk is assessed as more important in the business environment than political, financial, and economic risk. The most critical risk factors are not sufficiently included in the methodology of country risk measures, which are often used as a source for country‐specific risk information. In terms of risk management strategies, participating firms use mostly informal approaches rather than structured hedging or insurance products. Furthermore, we find that firm size has implications on the perception of some risk factors and for the level of risk management sophistication.     

投资、消费与货币资金配置效率研究

本文通过对我国银行货币资金配置在大、中、小型企业中的效率实证分析,比较了东、中、西部经济增长及居民福利水平变化状况。研究发现,货币资金配置在小型企业有更高的效率,东部地区的货币资金配置在中小型企业中的占比较高,经济增长较为可持续,居民福利水平较高。据此,本文提出了提高大型企业信贷资金使用效率,改善中小企业信贷融资的建议。     

Wer trägt das Terrorrisiko?

This article deals with insuring terrorism risks and it focuses on the situation in Germany after the events of September 11^th 2001. After a brief introduction to the general problems of insuring against terrorism the authors explore how terrorism affects different lines of insurance business in Germany and examine Extremus, the German specialist insurer with government backing for insuring property risks against terrorism. A thorough analysis of different aspects of risk transfer follows. This analysis also addresses different pricing strategies for insuring against terrorism. In this section the authors focus on the question to what extend one can really speak of a risk transfer through insurance in respect to terrorism. Scenarios are developed of how large losses would affect the insurance industry as well as the customers. In regard to those scenarios it becomes visible that the risk transfer from the policyholder to the insurer is not complete.In their conclusion the authors examine some scenarios of increased and decreased terrorist activity and the effects that each of these scenarios will have on the solution of insuring against terrorism through Extremus.     

The regulations–risk taking nexus under competitive pressure: What about the Islamic banking system?

Does market power condition the effect of bank regulations and supervision on bank risk taking? We focus on three regulatory tools: capital requirements, the restriction of activities, and official supervisory powers. Employing 10 years of unbalanced panel data on 123 Islamic and conventional banks operating in the Middle East and Asia, we arrive at the following conclusions. First, banking market power strengthens the negative impact of capital regulation on bank risk taking. Second, our empirical results suggest that the negative effect of activity restrictions on stability is diminished when banks have greater market power. Finally, we do not find strong evidence that the negative effect of supervisory power on banks’ risk taking is conditioned by their competitive behavior. In further analysis, we differentiate between Islamic and conventional banks regarding their competition, as well as their risk behavior. The results differ according to the banking business model. These findings could be useful for bank regulators in light of the accomplishment of Islamic banks’ regulatory framework. Indeed, the adoption of Basel III represents a significant regulatory challenge, given that it does not take into account the specificities of Islamic banks.     

金融结构如何影响了外资进入方式选择？

随着全球价值链进入深度重构的关键时期,金融结构对于一国外资进入方式选择的重要性日益凸显,本文采用65个国家2003—2017年跨国面板数据,从理论和实证两个层面系统探讨了金融结构与一国外资进入方式选择之间的关系。研究表明:(1)无论是发达国家还是发展中国家东道国,市场主导型金融结构均有助于外资以跨国并购方式进入东道国,但发达国家正向促进作用显著大于发展中国家,克服了内生性和经济波动的影响后,结论依旧稳健。(2)进一步机制检验结果发现,技术创新引致和国家风险管控是金融结构影响外资进入方式选择的重要渠道。其中,金融结构的国家风险渠道机制,主要通过降低经济金融风险来实现。(3)此外,引入国家营商环境指数发现,营商环境的改善不仅对外资以跨国并购方式进入具有直接促进作用,而且能间接调节金融市场对外资进入结构优化的提升作用。本文研究为我国深化金融供给侧结构性改革,改善营商环境,进而实现引资结构优化提供了政策启示。     

新形势下推进我国银行业国际化经营的战略思考

经济金融全球化是当今重要的时代潮流,它深刻地影响着世界经济格局,也对我国经济金融发展产生深远的影响.本文在全面分析我国银行业国际化经营现状的基础上,提出了推进我国银行业国际化经营战略的基本设想:统一规划和构建银行业国际化经营的战略平台;积极建立以大型商业银行为主体的国际化经营机构布局;重点拓展亚洲、欧洲、美国三大金融战略区域;有选择地推进我国银行业对国外银行机构的重组、并购和联合经营;选择成熟的国际金融产品为平台,逐步构建银行业国际化经营的产品序列;以我国跨国公司为载体,加强国际化经营的战略协同;进一步构建与国际银行业接轨的风险控制系统.     

在华外企的反避税审计策略研究

通过对转让定价、资本弱化、利用避税地以及选择公司组织形式等在华外企常用的避税方式和手段进行剖析,说明在以后相当长的时期内,应当将长期亏损、长期微利或跳跃性赢利却不断扩大经营规模的外资企业作为反避税审计的重点对象,并在提升立法层次、建立跨国合作机制、完善反转让定价税制、制定避税地和资本弱化税法、加强对电子商务税收问题的研究等方面来完善反避税审计策略。     

Bankruptcy reform in the Middle East and North Africa: Analyzing the new bankruptcy Laws in the UAE,Saudi Arabia,Morocco, Egypt,and Bahrain

For years, countries in the Middle East and North Africa (MENA) region have been trying to increase entrepreneurship rates and attract foreign investment, however, their bankruptcy statutes remained antiquated and punitive in nature. Potential start‐ups and foreign investors have been deterred from these markets due to a lack of alternative solutions to liquidation and a fear of punishment for business failure. At least seven countries in the region have now taken steps to modernize their bankruptcy laws to provide restructuring mechanisms and other measures designed to incentivize risk‐taking rather than to deter it. With this year's crash in oil prices, an unprecedented global pandemic and an imminent recession, an effective bankruptcy system has become even more critical to avoid catastrophic results for the employment rates and economic value of the companies in the region. However, despite these recent reforms, significant improvements are still needed to maximize the value and benefits of bankruptcy procedures in the face of these growing economic threats.     

企业风险管理探析

企业风险管理是一个涉及到企业内外各个方面的人的利益的问题。我国企业亟需加强风险管理,防止因人的因素导致的企业风险管理的失灵。实现最佳企业风险管理的效果,应结合企业战略的制定、企业内部控制和平衡计分卡的运用。